iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) Sees Strong Trading Volume – Still a Buy?

iShares Aaa – A Rated Corporate Bond ETF (NYSEARCA:QLTA) shares saw strong trading volume on Wednesday . 521,420 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 390,279 shares.The stock last traded at $46.97 and had previously closed at $47.05.

iShares Aaa – A Rated Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $47.41 and its 200-day moving average price is $47.80.

Institutional Investors Weigh In On iShares Aaa – A Rated Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the stock. SHUTTLEWORTH & Co grew its position in shares of iShares Aaa – A Rated Corporate Bond ETF by 24.7% in the first quarter. SHUTTLEWORTH & Co now owns 54,745 shares of the company’s stock valued at $2,605,000 after purchasing an additional 10,846 shares during the last quarter. Royal Bank of Canada lifted its holdings in iShares Aaa – A Rated Corporate Bond ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 174,276 shares of the company’s stock worth $8,293,000 after purchasing an additional 2,773 shares during the last quarter. Glen Eagle Advisors LLC lifted its holdings in iShares Aaa – A Rated Corporate Bond ETF by 20.0% during the 1st quarter. Glen Eagle Advisors LLC now owns 78,907 shares of the company’s stock worth $3,755,000 after purchasing an additional 13,152 shares during the last quarter. Gateway Wealth Partners LLC bought a new stake in iShares Aaa – A Rated Corporate Bond ETF in the 1st quarter valued at $344,000. Finally, GC Wealth Management RIA LLC bought a new stake in iShares Aaa – A Rated Corporate Bond ETF in the 1st quarter valued at $301,000.

About iShares Aaa – A Rated Corporate Bond ETF

The iShares Aaa – A Rated Corporate Bond ETF (QLTA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of dollar-denominated fixed-rate corporate bonds rated AAA-A issued by US and non-US corporations with maturities of at least one year. QLTA was launched on Feb 14, 2012 and is managed by BlackRock.